The Fair Share Report
262 Berkeley Ave
Newark, NJ 07107
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $432,563 – $627,067, from 12 comparable Newark sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Newark assessments sit below market value — republished every October, applied town-wide. A $595,532 home should be assessed near $242,322.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $81,622 below what the ratio math suggests (33.7%).
Step 4 · The tax rate — same for every Newark home
$1.162 Schools · 29% $0.519 County · 13% $2.318 Town · 58%
Step 5 · The bill
This home vs. every recent Newark sale · assessed ÷ market
18%58%
Paying about right
This home's ratio lands inside Newark's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 680 N 8TH ST | 2025-09 | $600,000 | 1,880 | 24.9% |
| 24-26 IRVING AVE | 2026-05 | $650,000 | 1,768 | 16.1% |
| 108 DAVENPORT AVE | 2026-01 | $615,000 | 1,875 | 24.3% |
| 458 N 6TH ST | 2025-05 | $670,000 | 1,800 | 16.5% |
| 39 BROOKDALE AVE | 2025-04 | $400,000 | 1,872 | 42.8% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
| 57 COMMONWEALTH AVE | 2025-04 | $500,000 | 1,991 | 52.5% |
| 240 WEST END AVE | 2026-03 | $290,000 | 1,785 | 47.4% |
| 31 5TH ST | 2025-09 | $175,000 | — | 10.6% |
| 63 OAKLAND TERR | 2025-06 | $475,000 | 1,627 | 36.5% |
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